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Originally Posted by Barry-xlovecam
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Still waiting for a link that shows Americans spend 2.5 times GDP. I understand what discretionary spending is.
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Consumer Discretionary vs. Consumer Staples Sectors
The consumer discretionary sector is characterized by those businesses that tend to be the most sensitive to economic cycles, including hotels, restaurants, and other leisure facilities, media production and service, and consumer retailing and services in its services segment.
The consumer staples sector is made up of companies whose businesses are less sensitive to economic cycles, including manufacturers and distributors of food, beverages and tobacco and producers of non-durable household goods and personal products.
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There's also a nice graph there that proves you wrong.